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Renewable energy grows as hot investment option, shows resilience to COVID-19 global economic strains

July 21, 2021

Philippine Star:

Global debt and equity investors continue to pour in capital into the renewable energy sector, which is consistently providing investment opportunities despite the ongoing COVID-19 pandemic, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Based on the IEFA report “Global Investors Move into Renewable Infrastructure,” global financiers are backing low carbon energy transition assets which are creating investment opportunities and have demonstrated significant resilience amid the COVID-19-induced global economic crisis.

“Global investors are accelerating their collective move away from the massive climate-related risks associated with fossil fuel assets and building capacity so as to increasingly deploy huge amounts of capital into renewable energy infrastructure projects,” said Tim Buckley, report co-author and IEEFA’s director of energy finance studies in Australia/South Asia.

[ Danessa Rivera ] 

More: Global investors to continue to invest in renewable energy

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